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13:45
B&G Foods announced that its production facility in Irapuato, Mexico will continue normal operations.
At the same time, the company has officially signed a contract manufacturing cooperation agreement with the food processing enterprise Seneca Foods. This collaboration will optimize B&G Foods' supply chain layout, enhance production flexibility, and provide more efficient product supply support for the North American market.
13:44
YY Group Holdings' Malaysia-based YY Circle project predicts that the company's revenue will exceed $14 million by 2026.
This growth expectation is mainly attributed to the continuous expansion of its retail promotion team. By strengthening the construction of offline promotion networks, the company plans to further penetrate the local consumer market. The expansion of the professional promotion team will directly enhance brand exposure and product sales conversion rates, providing sustained momentum for revenue growth.
13:43
Commercial real estate sentiment warms up as Blackstone's fund sees its first net capital inflow in three years
格隆汇 March 2|Blackstone Group's real estate fund, which is aimed at wealthy individuals and has a scale of $55 billions, attracted more investor capital last month than it spent, marking the first time since 2022 and signaling a recovery in market sentiment in the commercial real estate sector. Blackstone Real Estate Income Trust (BREIT) has faced pressure in recent years as rising interest rates have depressed property valuations. Investors once attempted to withdraw funds quickly, with redemption requests reaching $4.5 billions in a single month. A spokesperson said: "During the recovery phase of the real estate cycle, BREIT remains extremely well-positioned thanks to its differentiated asset portfolio, including its data center company QTS and its vast logistics platform." The company stated that net positive capital inflows also reflect BREIT's outstanding performance. According to the spokesperson, BREIT outperformed listed real estate investment trusts nearly threefold last year, and over its nine-year history, its performance has exceeded by about 65%.
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